New Security Issues, State and Local Governments

Release Date: July 2025
New Security Issues, State and Local Governments (Table 1.45) 
Millions of dollars
Type of issue or issuer, or use 2022 2023 2024 Nov 2024 Dec 2024 Jan 2025 Feb 2025 Mar 2025 Apr 2025 May 2025 Jun 2025
1 All issues, new and refunding 1 378,137 370,483 502,023 27,060 31,172 36,916 40,163 42,315 50,797 51,172 57,815
 
  By type of issue  
2 General Obligation 124,405 131,296 153,426 6,671 7,706 11,923 11,383 13,175 24,442 15,768 18,771
3 Revenue 253,733 239,187 348,597 20,389 23,466 24,993 28,779 29,140 26,355 35,405 39,043
 
  By type of issuer  
4 State n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
5 Special district or statutory authority 2 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
6 Municipality, county or township n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
 
7 Issues for new capital 261,688 248,650 317,193 20,759 24,790 23,713 25,889 25,275 29,846 35,224 37,029
 
  By use of proceeds  
8 Education 65,590 67,375 67,803 3,490 2,801 8,123 5,613 7,937 8,612 13,584 9,434
9 Transportation 27,914 21,328 31,425 3,232 2,660 2,952 3,337 97 1,874 1,665 1,802
10 Utilities and conservation 14,811 9,998 7,790 529 1,342 1,314 2,623 537 448 1,637 1,525
11 Industrial aid 31,633 39,463 45,994 5,434 3,576 3,262 5,064 2,345 1,752 2,967 4,223
12 Other purposes 82,450 66,978 99,732 4,186 9,351 4,295 4,612 9,909 14,023 8,875 11,474
  1. Par amounts of long-term issues based on date of sale.  Return to table
  2. Includes school districts.  Return to table
Source: Mergent beginning November 2011; Securities Data Company beginning January 1990 to October 2011; Investment Dealers Digest before then.
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Last Update: July 25, 2025